Apple: We’ve Sold Over 40 Million iPads

Apple’s total iPad sales since it first launched has topped the 40 million mark, and isn’t showing any signs of slowing down yet. CEO Tim Cook shared that number during the company’s fourth fiscal quarter earnings report Tuesday afternoon.
Mr. Cook said that Apple expected the tablet market would be big, “and it has been even greater than we thought.”

iPad: Over 40 million sold

“We’ve now sold 40 million [iPads] on a cumulative basis,” he added. “It’s pretty clear to me that if you forecast out in time, the tablet market will be larger than the PC market. That’s not a guidance number, that’s just what I believe.”
Apple also reported selling some 250 million iOS devices during its fourth quarter. Those sales included 17.07 million iPhones, 11.12 million iPads, and 6.62 million iPods.
The Mac, iPhone and iPad maker broke its own quarterly revenue records yet again with $28.27 billion, and a $6.62 billion profit. Gross margins for the quarter came in at 40.3 percent, up from 36.9 percent compared to the same quarter last year.
Apple is currently sitting at US$392.52 in after hours trading, down 29.72 (-7.04%).

Jeff Gamet

5:32 PM, Oct. 18th ET, 2011

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